Reasons to buy:
1) Inverse H&S at the bottom of a downtrend
2) Bullish 1H Divergence
3) Forming a descending wedge after a strong push up
My personal details:
Long @ Entry: 1.1547, SL: 1.1500, TP: 1.1685
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
1) Inverse H&S at the bottom of a downtrend
2) Bullish 1H Divergence
3) Forming a descending wedge after a strong push up
My personal details:
Long @ Entry: 1.1547, SL: 1.1500, TP: 1.1685
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Comment:
if the 78.6% doesn't hold then the setup is invalidated
Order cancelled:
broke through 78.6% without any sign of upside